The previous session also broke all resistance level and to reiterate what was written earlier
" We are standing very close to the crucial resistance level of 4551 where there was also a powerful bull trap. If that level is breached and NIFTY closes higher than that, as written in earlier posts our view is going to be extremely bullish and we are going to see a much higher move before expiry"
Now that the close is higher than 4551 and on the weekly charts it is a continuation of the piercing line pattern, the markets look extremely bullish at this stage. Only on a break and close below 4444 levels will bring in a different view.
Resistance levels : 4605, 4630, 4657
Support levels : 4502, 4485, 4465, 4444
-Happy Trading
www.tripleint.com
No comments:
Post a Comment